Americas News

Analysis: New obligations for businesses as Canada takes aim at forced labour in supply chains

Canada has become the latest major jurisdiction to address human rights issues in global supply chains, with the introduction of a new law that …

Americas / 24-05-23 / by Eleanor Wragg

US government warns trade finance lenders over breaches of Russia export controls

Authorities in the US have warned trade finance lenders they may be unwittingly facilitating exports of sanctioned goods to Russia, with funds potentially moving …

Americas / 23-05-23 / by John Basquill

Greater action on deforestation pledges needed to halt Amazon loss, study finds

Half of cattle-driven forest clearance in the Brazilian Amazon could have been avoided by the industry-wide implementation of zero-deforestation commitments, according to a study …

Americas / 26-04-23 / by Jenny Messenger

US Exim cuts working capital fees

The Export-Import Bank of the United States (US Exim) has trimmed lender fees on its working capital guarantee programme, in a move it says …

Americas / 19-04-23 / by Jacob Atkins

Traders, shipping companies risk unwittingly breaching Russian oil sanctions, US warns

US sanctions regulators believe companies may be unknowingly trading Russian oil above the price cap, warning commodity traders and shipping companies to be aware …

Americas / 18-04-23 / by John Basquill

Wells Fargo hit with sanctions fine over trade finance insourcing

Wells Fargo will pay almost US$100mn to settle allegations by US regulators that the bank supplied customised trade finance software to another lender, which …

Americas / 31-03-23 / by Jacob Atkins

Germany’s KfW Ipex-Bank and DEG expand South American presence

German development finance institutions KfW Ipex-Bank and DEG have broadened their network of regional offices to include a shared location in Bogotá. The move …

Americas / 22-03-23 / by Jenny Messenger

Russian bank claims top traders complicit in US$3.2bn trade finance fraud

A lender owned by Russia’s central bank has accused some of the world’s biggest commodity traders, including Cargill, the Louis Dreyfus Company and Bunge, …

Americas / 22-03-23 / by Jacob Atkins

Taking the pulse of the US insurance market

Senior leaders in trade credit and political risk insurance gathered in New York in late 2022 to discuss the top themes and challenges facing …

Americas / 14-02-23 / by GTR

US banks throw weight behind sustainable finance, but corporates remain indifferent

Just 4% of large US corporates demand expertise in sustainable trade finance from their banking partners, leaving lenders “puzzled” by the lack of interest …

Americas / 25-01-23 / by John Basquill